Forensic Accounting? Been Around A Long Time

As a career counselor, career guidance professional, staffing executive, and HR professional who has hired or placed 1,275+ individuals, a recent article has resulted in several unsolicited and very interesting responses.Two comments from an earlier article indicated another avenue for a person interested in an accounting career to follow is forensic accounting. The forensic authority has a slightly different role.The forensic expert has the same skills of accounting and auditing, but adds some intrigue by utilizing investigative abilities to work on projects like bankruptcy to major fraud to capital crimes. For example, many years ago a forensic specialist caught the gangster, Al Capone.As you can see, this practice has been around for years and uses an unlikely combination of an eye for detail, a solid background in accounting basics, and legal concepts. By the way, I don’t think I would have wanted to be the person that caught Big Al.Compensation is also stellar. After a few years of practice annual salaries reach into six figures. In the private sector, forensic accountants can easily earn $125K to $150K and beyond. All of the larger accounting firms, as well as many medium-sized firms, have specialist forensic accounting departments.So if you are considering accounting, or involved in accounting operations, are inquisitive by nature, can be questioned in the role of an expert witness, and have complete attention to accounting minutia, you should consider a specialized career.If you need assistance in determining your next step a path-to-success, seek a professional assistance for a reality check and get immediate career advice.